What is Arbitration Provisions?
Provisions in a contract which provide for the resolution of any disputes thereunder by way of an arbitration procedure. There is a neutral third party called the arbitrator and this is conducted without the participation of a court, although it may be conducted under court supervision. Arbitration provisions in contracts have for the most part been upheld as enforceable by the courts.
Further Reading
For more detailed information, see our related Contracts terms:
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